Reborn Entrepreneurial Giant

Chapter 76 Paulson Fund

"You are a real person. Next time you come to Silicon Valley, no one will welcome you warmly." Back at the hotel, Zhang Yiwen teased Qu Li.

"What's wrong with me, didn't I do anything wrong?" Qu Li said cheekily

"When I visited someone's company, I still wanted to dig a corner, but luckily no one knew about it."

"You're wrong. It's because they don't care. In Silicon Valley, Google is the first choice, followed by Microsoft and other companies. Yahoo is also famous, and it's not a good choice for programmers."

"Such a big company, and it's Taobao's parent company, why don't you look down on me?"

"Ari is not a subsidiary of Yahoo. I don't have the confidence to surpass Google, but it is still possible to surpass Yahoo."

"Hey, I know you have a thick skin, but I didn't expect you to be so thick, even more than Yahoo."

"Why, don't you believe me?"

"Is this one obvious?" Zhang Yiwen's small face turned down, crystal clear

"Then make a bet?"

"What bet?"

"If I do it, you and Chen Danlin will accompany me..."

"Bah, bah, bah..."

"shameless……"

"Men, you can want anything, but you can't want face, otherwise you won't be able to find a girlfriend." Qu Li said shamelessly, as if you can find a girlfriend without shame

After all, Zhang Yiwen didn't continue this topic, it's not good to be thin-skinned.

The next day, Peterson came to the hotel again with his team, and Qu Li would not go out today. After discussing the fund handling plan, he was ready to go home.

Qu Li is in Silicon Valley these days, the international crude oil price has fallen to around $52, which means that the price of the call option at $60 a barrel has fallen again.

"Have crude oil and Lun copper cleared?" Qu Li asked Peterson

"The position has been cleared, here is the settlement statement."

Qu Li looked at the above. Since he entered the market, Lun Copper has fallen by 26%, crude oil has fallen by 19%, and gold futures have lost 50%. After switching positions, they have made a profit of 50%. The original investment of 1.2 million Hong Kong dollars, now after deducting the dividends to them, there are still 2.9 million Hong Kong dollars. Such an astronomical figure can't cause him the slightest disturbance.

"Let them go long on crude oil at a price of 50-52 US dollars, stop when it falls below 50, buy 7,000 barrels, and keep the rest just in case."

"Okay, I'll arrange it now."

"Because of the sharp drop in oil prices, the price of one-year crude oil options at $60 a barrel has also fallen sharply, and at the same time the risk has become very large."

"Including all expenses, how much does it cost to buy 20 million barrels?" Qu Li is still unmoved, just trying to scare him away with this small market? 20 million barrels looks scary, but in fact there are only 20,000 lots. In terms of the current daily trading volume of international crude oil exceeding 200,000 lots, it is not conspicuous at all.

"Now it's only $40 million."

"Then let's do it like this, buy Paulson's first fund product for $20 million, can you withdraw it after one year?"

"Yes, except for specific opening dates every year, reservations must be made at least one month in advance, and part of the benefits will be lost..."

Qu Li actually wanted to pull Wu Hongning to invest in the Paulson Fund, but the money in the country was really hard to come by, and Wu Hongning really had no choice. At the next best thing, Qu Li increased the leverage again, but was directly rejected by the people of HSBC, the risk was too great.

Of the 90 million US dollars, 60 million will be invested in the financial market, and the remaining 30 million US dollars will be used for domestic investment, such as investing in Youku and establishing Glory, and the remaining 20 million US dollars have no plans for the time being.

Why not put all your money into the financial derivatives market? It depends on a person's awareness of risk resistance. Although Qu Li does not believe that his arrival will affect the subprime mortgage crisis, what if Buffett acquires Lehman Brothers, or the A shares and real estate collapse early, the international crude oil There is a high probability that it will fall below $50 a barrel, and then all the tens of millions of dollars he invested will be in vain.

The so-called cleverness of using it is all about being single-minded. Conservatism and radicalism are never absolute. Last year, Qu Li invested all the domestic revenue of "Comet" in the promotion of the United States. How did he know that he would reap $150 million in the North American box office?

Originally, he wanted to buy the remaining 20 million US stocks, but he was really not sure about the short-term speculation. The stock price of Apple, which he wanted to buy the most, soared by 15% because of the IPhone conference. Google has risen a lot, and Yahoo is falling. The key is that he sees so much money that every rise and fall is an astronomical figure for Qu Li before, and he is psychologically scared.

Option investment is different, it is a pure gamble, you buy it and leave it, and you don’t need to study people’s hearts and determination at all.

"But the U.S. dollar has been depreciating, and the exchange rate will lose a lot over time." Peterson

Of course Qu Li knew that the Ruanmei currency would appreciate all the way, but the currency cannot circulate freely, it is easy to get money in, but difficult to get out.

"Apart from China, which regions have their currencies appreciate?"

"Euros, pounds, yen and Australian dollars?"

"Which Australian dollar?"

"Australia, because of the price increase of commodities and iron ore, they want to get a share of the hot money pouring in. The most famous one is an iron ore company called FMG..."

"Australia is rich in mineral resources?"

"Gold, silver, copper, iron, bauxite, coal, rare earth uranium, most of the world's minerals are found here."

"Metal minerals?" Qu Li lay on the chair, nodded on the table,

"What is the market value of FMG's share price?"

"The share price is around 1.3 Australian dollars, and the market value is about 3.2 billion Australian dollars."

"Do you think the price of iron ore will continue to rise?"

"Probably yes?" Zhang Yiwen said, "In December last year, Baosteel and Vale negotiated to increase the price by 9.5%, but this year the market price has exceeded the long-term agreement price. This time, Nippon Steel and Pohang Steel are renegotiating... "

"The price increase of iron ore is a high probability event, so investing in FMG now has a high probability of not losing money, and the 20 million US dollars is less than 1% of FMG's market value, so it should be more convenient to enter and exit. Is their transaction active?"

"According to the trading volume in the previous months, an average of 5 million shares are traded per day."

"Then buy 10 million shares, and put the rest of the money first." Qu Li didn't hesitate too long. FMG's stock price is now more than one yuan, which is really cheap. After the financial crisis broke out, it didn't fall to this position. In addition, the Australian dollar Appreciation, this wave is proper.

"How long will it take to build a position?"

"One week is enough, HSBC's network is all over the world."

Although it is a bit bragging, Qu Li still somewhat believes that HSBC seems to be the fifth largest bank in the world. Although he doesn't like HSBC, international transactions cannot do without the support of a multinational bank. Banks in the United States are even more untrustworthy than HSBC.

Even if ICBC, one of the four major banks, became the largest bank in the world after the subprime mortgage crisis, it still cannot serve as a financial umbrella for the international development of Chinese companies. As for why, just check how many outlets they have abroad.

After explaining this, Qu Li finished his first trip to the United States and returned to Yangcheng with an iPhone engineering machine. Don't ask him how he got it, it was not stolen anyway, so there is no need to sneak around.

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